CarTrade Tech (CARTRADE) Q4 24/25 earnings summary

Executive summary

• Achieved record annual revenue of INR 711 crore (₹711 crore), up 28% year-over-year, and profit after tax of INR 145 crore (₹14,527 lakh), a 627% increase year-over-year.

• Q4 FY25 revenue reached INR 189.5 crore, with profit after tax at INR 46.1 crore, and EBITDA margin at 29%.

• Over 150 million unique annual users across CarWale, BikeWale, and OLX, with 74 million monthly active users and 95% organic traffic.

• Board approved audited standalone and consolidated financial results for Q4 and FY25, with unmodified audit opinions.

• Results include performance of CarTrade Tech and subsidiaries, with segment and discontinued operations disclosures.

Financial highlights

• FY25 consolidated revenue from operations: ₹64,112 lakh, up 31% year-over-year; PAT: ₹14,527 lakh, up 627% year-over-year.

• Q4 FY25 consolidated net profit was ₹4,611 lakh, up from ₹2,497 lakh in Q4 FY24.

• Adjusted EBITDA for Q4 was ₹7,100 lakh; annual Adjusted EBITDA: ₹24,103 lakh, up 46% year-over-year.

• Maintains a debt-free balance sheet with cash reserves of ₹954 crore, up from ₹750 crore year-over-year.

• Cash profit addition of INR 200 crore year-over-year; Q4 cash profit of INR 70 crore.

Outlook and guidance

• Management remains optimistic about future growth, citing stabilized M&A, ongoing investments in technology and innovation, and focus on scaling profitability.

• OLX India acquisition expected to further drive growth and profitability.

• Industry growth for FY 2026 expected to be 0%-5% for cars, with similar trends as previous year.

• Margins expected to continue improving due to operating leverage and cost discipline.

• Sobek Auto India to focus on growing its Classified business (Olx.in) after closing the C2B auto transaction segment.